Ferrotec Company Description
Ferrotec develops magnetic fluid technology used in vacuum seals and computer seals. Other applications include semiconductor components, flat panel displays, and hard disk drive manufacturing. The company also manufactures thermoelectric modules, solid-state devices used in medical devices, automotive equipment, telecommunications equipment, and home electronics. Founded in 1980, Ferrotec has operations in the US, through Ferrotec (USA) Corporation, as well as elsewhere in Asia and Europe. The company is shifting its production to China in order to cut costs on its electronics products.
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The Company Description provides a historical perspective of Ferrotec's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Ferrotec's evolution in the marketplace.
